New GSE ‘Reps & Warrants’ Provide Greater Relief on HARP Loans

Fannie Mae and Freddie Mac unveiled new representation and warranty policies that relieve seller/servicers of any repurchase risk if the borrowers make 36 months of consecutive on-time payments.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Fannie-mae-freddie-mac-unveil-rep-warrants-policies-1032158-1.html

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